New Boeing aircraft for Kuwait’s ALAFCO
Nov. 6, 2012, Chicago, Il. - Kuwait aircraft leasing firm ALAFCO has placed a firm order for 20 Boeing 737 MAX 8 aeroplanes in a deal worth $2 billion.
The company made a commitment to purchasing Boeing's 737 MAX 8 aircraft at Farnborough Airshow in the UK in July.
chairman and chief executive officer Ahmad Alzabin said that with
rising fuel costs, the 737 MAX aircraft would provide operational cost
savings to airlines and be more environmentally friendly due to its
"These are the advantages that airlines are looking for in the current competitive and demanding environment," Alzabin said.
Powered by CFM's LEAP-1B engines, 737 MAX will be the latest new version of Boeing's Next-Generation 737s.
well as engines, aerodynamic improvements to the tail and new advanced
technology winglet, the 737 MAX will reduce fuel consumption and CO2
emissions by 13 per cent, and according to the Chicago-based aircraft
manufacturer will offer an 8 per cent operating cost advantage over future
Boeing Commercial Airplanes president and chief
executive officer Ray Conner said it was the first 737 MAX order for the
Middle East, which is one of the aviation industry's highest growth
To date, Boeing has received 878 orders for the 737 MAX
variant; it is due to enter service in 2017 and will be manufactured in
In March 2007, the aircraft leasing firm placed an order for six 737-800 jets with the last airplane delivered in July 2011.